Sifco Industries: Soars After Q2 Profit Vs Year: ago loss

SIFCO Industries

13/05/2020 13:15

** Shares of SIFCO Industries  SIF.A  rise ~63% to $3.6
premarket 
    ** Co posts Q2 profit of $3.3 mln, compared with a loss of
$1.3 mln a year earlier 
    ** SIF keeps tight lid on costs, SG&A expenses fall ~12% 
    ** Co also says restoration of its Orange, California
facility is expected to be complete in Q4
    ** Stock among best performers across U.S. exchanges 
    ** Stock is down ~44% this year, as of last close  

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))